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34 of 112 unique stocks in common · Jaccard: 30.4%
A weighted portfolio overlap of 26.11% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.11 is allocated to the exact same companies at the same relative proportions. The schemes share 34 common holdings.
The largest overlapping asset in their portfolios is GAIL (India), which commands a weight of 2.56% in SBI Balanced Advantage Fund and 1.98% in SBI Multi Asset Allocation Fund. Holding both schemes increases your concentration in GAIL (India) rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in SBI Balanced | in SBI Multi |
|---|---|---|
| GAIL (India)Gas | 2.56% | 1.98% |
| HDFC BankBanks | 3.57% | 1.78% |
| ICICI BankBanks | 3.82% | 1.61% |
| Indus TowersTelecom - Services | 1.95% | 1.52% |
| Bandhan BankBanks | 1.30% | 1.60% |
| Brookfield India Real Estate TrustRealty | 1.30% | 2.48% |
| CESCPower | 1.29% | 1.29% |
| BioconPharmaceuticals & Biotechnology | 1.28% | 1.56% |
| DelhiveryTransport Services | 1.18% | 1.88% |
| Mahindra & Mahindra Financial ServicesFinance | 1.16% | 1.65% |
| Punjab National BankBanks | 1.82% | 1.15% |
| Axis BankBanks | 1.85% | 1.12% |
| Kotak Mahindra BankBanks | 1.07% | 1.34% |
| Reliance IndustriesPetroleum Products | 4.42% | 1.05% |
| NHPCPower | 1.06% | 0.84% |
| Oil & Natural Gas CorporationOil | 0.64% | 1.27% |
| Sona Blw Precision ForgingsAuto Components | 0.75% | 0.59% |
| Bajaj FinservFinance | 0.52% | 1.08% |
| HCL TechnologiesIT - Software | 1.36% | 0.49% |
| State Bank of IndiaBanks | 0.79% | 0.48% |
| ITCDiversified FMCG | 1.21% | 0.46% |
| Bank of BarodaBanks | 1.24% | 0.44% |
| Dabur IndiaPersonal Products | 0.53% | 0.44% |
| UPLFertilizers & Agrochemicals | 0.37% | 0.88% |
| Cohance LifesciencesPharmaceuticals & Biotechnology | 0.33% | 1.13% |
| Indian Oil CorporationPetroleum Products | 0.26% | 0.66% |
| Vishal Mega MartRetailing | 0.44% | 0.26% |
| WiproIT - Software | 0.37% | 0.26% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.70% | 0.25% |
| Life Insurance Corporation Of IndiaInsurance | 0.48% | 0.20% |
| Tata SteelFerrous Metals | 1.78% | 0.17% |
| Bharti AirtelTelecom - Services | 1.37% | 0.14% |
| InfosysIT - Software | 0.11% | 0.19% |
| Syngene InternationalHealthcare Services | 0.07% | 1.34% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.